According to the Consumer Law Center, Inc. (CLC), Americans lose an estimated $40 billion each year to the fraudulent sale of goods and services over the telephone. The elderly are frequent targets of telemarketing frauds and sweepstakes scams. Studies conducted by CLC reveal that “fraudulent telemarketers direct anywhere from 56 percent to nearly 80 percent of their calls at older customers. One sweepstakes-related scam detailed on CBS’s 60 Minutes reportedly bilked seniors in 24 states out of an estimated $5 billion.”
The National Crime Prevention Council is working to design, implement, promote, and evaluate a strategic approach to prevent telemarketing fraud and related crimes against seniors by promoting awareness and action on preventive strategies by senior consumers, law enforcement, and other community resources.
Watch the four minute Elder Financial Fraud News Segment here.
Over the past twenty years, Attorney Lee Drizin has been an advocate for seniors. He has worked closely with the Las Vegas Metropolitan Police Department’s Abuse and Neglect Unit, Senior Protective Services, the Clark County District Attorney’s Office, the Nevada Attorney General’s Office, and the Senior Law Project in addressing exploitation issues.
Through his experiences, which he routinely shares with seniors, health care service providers and geriatric care managers, Lee Drizin’s goal has been to raise the level of awareness of this growing problem in hope of preventing further exploitation of seniors.